BAGHDAD - Iraq Press - December 22 / December: A member of the Commission on oil and parliamentary power, and former Minister of Oil, Ibrahim Bahr al-Ulum, "The decline in the price per barrel in the oil market led to the difficulty of estimating the price of oil and possibly collapsing to below the dollar fifty," pointing to the "The previous planning of the budget was based on 64 and $ 65 a barrel and become irrational in spite of our conviction that prices will recover perhaps after the middle of next year."
And the Bahr al-Ulum that "the supposed price that must be formulated on the basis of the budget by the current atmosphere is $ 50 per barrel, and that changes have occurred in the pricing of next year there could be estimated budget to compensate the budget," he said, adding that "the maximum to produce and export oil Iraq does not exceed more than three million or three million, five hundred thousand daily barrels per day maximum, so it is necessary to search for revenue assistance for the advancement of the Iraqi economy and that many of the provinces have the potential to run segments of a second non-oil agro-industrial and private. "
He Bahr al-Ulum that "the crucial role played by OAPEC in determining the production, pricing and production of oil exporting countries." Admiral ended
[You must be registered and logged in to see this link.]